Discharging Medical School Debt?

[Dilaudidopenia]

Unfortunately, my brother's following in my footsteps did not quite work out for him and he ended up leaving medical school because of some pretty severe anxiety issues.  He has about ~2-3 semester's worth of federal loans for a private medical school.  Is there any hope for these getting discharged or is he stuck with them?

[PhysicianOnFIRE]

I'm not aware of any debt discharging programs, provided he is alive. Sorry to hear about it, though. That had to be devastating for him.

[Miss Bonnie MD]

Don't think so. Sorry to hear that.

[MochaDoc]

A quick Google search yielded the links below. Essentially, it's a rare, difficult occurrence when student loan debt is discharged. It boils down to death; total, permanent disability; or undue hardship in bankruptcy.

 

Scroll down to "When can my federal student loans be forgiven, canceled or discharged?" in the following link: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation

 

Another interesting link is as follows:

http://www.studentloanborrowerassistance.org/bankruptcy/

[MrsIMDoc]

I had a patient once ask me to fill out the paperwork indicating disability so that he could discharge his federal student loans.  The paperwork basically was so extreme that I would have to indicate that the patient would be unable to find ANY gainful employment.  I was unable to help him because he even though this patient had PTSD and other physical disabilities he could work for Wal-mart as a greeter or answer telephones, etc.

We also had a medical student in my class graduate from med school and then develop bi-polar disorder and was unable to do a residency.  I think she is planning to work for a non-profit clinic as an administrator (very low income) and paying IBR to get PSLF after ten years.

[Craigy]

Student loan discharge is rare but possible.

Your brother should consult with a bankruptcy attorney.

[Travis @ Student Loan Planner]

It's probably worth talking to Jay Fleischman or Adam Minsky. Google their names, I know you might be able to ask them about the bankruptcy rules it your brother has no assets. If he does the debt will need to be repaid. sorry to hear

[MochaDoc]

Travis @ Student Loan Planner wrote:

Flat fee, lost cost student loan consultations

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Hey Travis,

You probably want to fix your forum signature. I suspect you mean "low cost" not "lost cost."

 

"Flat fee, lost cost student loan consultations"

[Travis @ Student Loan Planner]

MochaDoc wrote:

Travis @ Student Loan Planner wrote:

Flat fee, lost cost student loan consultations

Click to expand…

Hey Travis,

You probably want to fix your forum signature. I suspect you mean “low cost” not “lost cost.”

 

“Flat fee, lost cost student loan consultations”

Click to expand...

Haha my fiancee just pointed that out when I asked her suggestions in between her working on a presentation for grand rounds tomorrow morning. Thank you! It's pretty funny that 'lost costs' are my differentiating factor haha

[PhysicianOnFIRE]

MochaDoc wrote:

I suspect you mean “low cost” not “lost cost.”

Click to expand...

I think he meant "lost cause"



-PoF